Amkor Technology, Inc. (NASDAQ:AMKR) Receives $33.20 Consensus Target Price from Analysts

Shares of Amkor Technology, Inc. (NASDAQ:AMKRGet Free Report) have earned an average rating of “Moderate Buy” from the six analysts that are presently covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $33.20.

Several research analysts have recently issued reports on the company. The Goldman Sachs Group initiated coverage on Amkor Technology in a research note on Thursday, February 29th. They issued a “neutral” rating and a $32.00 price objective for the company. B. Riley increased their price target on Amkor Technology from $35.00 to $40.00 and gave the stock a “buy” rating in a report on Tuesday, December 12th. Fox Advisors started coverage on Amkor Technology in a report on Thursday, March 14th. They set an “equal weight” rating on the stock. Finally, StockNews.com upgraded Amkor Technology from a “hold” rating to a “buy” rating in a report on Monday, December 4th.

Check Out Our Latest Analysis on AMKR

Insider Activity at Amkor Technology

In related news, CFO Megan Faust sold 2,700 shares of the stock in a transaction on Friday, February 16th. The stock was sold at an average price of $30.34, for a total value of $81,918.00. Following the completion of the sale, the chief financial officer now directly owns 38,811 shares of the company’s stock, valued at approximately $1,177,525.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, CFO Megan Faust sold 2,700 shares of the stock in a transaction on Friday, February 16th. The stock was sold at an average price of $30.34, for a total value of $81,918.00. Following the completion of the sale, the chief financial officer now directly owns 38,811 shares of the company’s stock, valued at approximately $1,177,525.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Guillaume Marie Jean Rutten sold 25,000 shares of the stock in a transaction on Friday, March 15th. The shares were sold at an average price of $31.23, for a total value of $780,750.00. Following the completion of the sale, the chief executive officer now directly owns 124,476 shares of the company’s stock, valued at $3,887,385.48. The disclosure for this sale can be found here. In the last three months, insiders sold 58,200 shares of company stock valued at $1,801,870. 53.30% of the stock is owned by insiders.

Institutional Investors Weigh In On Amkor Technology

Several large investors have recently made changes to their positions in the business. SummerHaven Investment Management LLC increased its position in shares of Amkor Technology by 1.4% during the 4th quarter. SummerHaven Investment Management LLC now owns 24,548 shares of the semiconductor company’s stock valued at $817,000 after purchasing an additional 327 shares during the last quarter. Fifth Third Bancorp increased its position in shares of Amkor Technology by 65.8% during the 4th quarter. Fifth Third Bancorp now owns 874 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 347 shares during the last quarter. Retirement Systems of Alabama increased its position in shares of Amkor Technology by 0.3% during the 4th quarter. Retirement Systems of Alabama now owns 129,277 shares of the semiconductor company’s stock valued at $4,301,000 after purchasing an additional 413 shares during the last quarter. Arizona State Retirement System increased its position in shares of Amkor Technology by 1.4% during the 3rd quarter. Arizona State Retirement System now owns 31,473 shares of the semiconductor company’s stock valued at $711,000 after purchasing an additional 428 shares during the last quarter. Finally, Assetmark Inc. increased its position in shares of Amkor Technology by 3.5% during the 4th quarter. Assetmark Inc. now owns 12,874 shares of the semiconductor company’s stock valued at $428,000 after purchasing an additional 438 shares during the last quarter. 42.76% of the stock is owned by hedge funds and other institutional investors.

Amkor Technology Trading Up 3.7 %

AMKR stock opened at $32.73 on Monday. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.31 and a quick ratio of 2.02. The company has a fifty day moving average price of $31.90 and a two-hundred day moving average price of $28.32. Amkor Technology has a one year low of $17.58 and a one year high of $37.00. The stock has a market cap of $8.05 billion, a price-to-earnings ratio of 22.42 and a beta of 1.96.

Amkor Technology (NASDAQ:AMKRGet Free Report) last released its quarterly earnings data on Monday, February 12th. The semiconductor company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.07. Amkor Technology had a net margin of 5.53% and a return on equity of 9.37%. The firm had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.68 billion. During the same period in the previous year, the business posted $0.67 earnings per share. The company’s revenue for the quarter was down 8.1% compared to the same quarter last year. Equities analysts anticipate that Amkor Technology will post 1.63 EPS for the current year.

Amkor Technology Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 1st. Investors of record on Tuesday, March 12th will be issued a $0.079 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date of this dividend is Monday, March 11th. Amkor Technology’s dividend payout ratio is currently 21.23%.

About Amkor Technology

(Get Free Report

Amkor Technology, Inc provides outsourced semiconductor packaging and test services in the United States, Japan, Europe, the Middle East, Africa, and the Asia Pacific. It offers turnkey packaging and test services, including semiconductor wafer bump, wafer probe, wafer back-grind, package design, packaging, system-level and final test, and drop shipment services; flip chip scale package products for smartphones, tablets, and other mobile consumer electronic devices; flip chip stacked chip scale packages that are used to stack memory digital baseband, and as applications processors in mobile devices; flip-chip ball grid array packages for various networking, storage, computing, automotive, and consumer applications; and memory products for system memory or platform data storage.

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Analyst Recommendations for Amkor Technology (NASDAQ:AMKR)

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